Baliga told CNBC-TV18, “If I see another dip of Rs 50-60 more from here in SBI , clearly at those levels it becomes a buy. Dr Reddys has been on the buy radar for quite a while. Tata Steel at these levels I really don’t see much downside because already it has corrected from those Rs 428-430 levels to the current levels. I think the downside is just about another Rs 5-8 from here. So I think at these levels it would be bought.”

“Tata Motors - I will wait for a while longer. If it falls another Rs 25-30 more from here, I think at those levels I will start buying Tata Motors,” Baliga added.